audit charter draft

ƒƒƒƒƒƒƒƒMISSISSIPPI STATE UNIVERSITY INTERNAL AUDIT CHARTER I. The Charter The Office of Internal Audit was established by the President of Mississippi State University to assist the University in meeting its fiduciary responsibilities. This charter documents the authority and responsibility conferred by the President within which the Office of Internal Audit will operate to make a positive contribution to the system of higher education by examining and evaluating the business and administrative activities of the University. II. Mission Statement The Office of Internal Audit is an independent, objective assurance and consulting function designed to add value to and improve Mississippi State University's operations. It helps the University accomplish its objectives by bringing a systematic, disciplined approach to evaluating and improving the effectiveness of risk management, control, and governance processes. III. Role and Objective of the Office of Internal Audit Office of Internal Audit will assist the President in achieving sound managerial control over all aspects of the operations of the University, including accounting, asset management, information management and control systems, and other such activities. The office will also coordinate audit activities throughout the University. The attainment of the overall objective may involve: reviewing and appraising the soundness, adequacy, and application of accounting, ...